Important Update
for Non-U.S. Bank Accounts
IRS to Phase Out Paper Refund Cheques
The IRS will phase out paper tax refund cheques beginning on Sept. 30, 2025. The change is designed to protect taxpayers, speed up refunds, and cut costs.
- Tax filing will stay the same.
- Refunds will be made by direct deposit.
If you need to open a U.S. bank account, we recommend Currencies Direct.